Lebanon’s pound has collapsed since 2019 when the economy crumpled under a mountain of debt. “I tell everyone that if there is a protest or demonstration against this situation, go to the street. The Lebanese pound, which was freely exchanged in shops and banks at 1,500 to the dollar until the crisis erupted in 2019, has crumbled and was trading on the unofficial market on Thursday at about 31,500. It made the Lebanese hungry, it made all citizens poor, citizens can’t afford filling up with fuel anymore. Where are we heading?” said Fadi Abou Chakra, spokesman for Lebanon’s fuel stations union.

Source: Egypt Independent January 14, 2022 09:15 UTC